Saudi foodtech Calo raises $39 million Series B extension for AI push, global expansion

Saudi meal subscription startup Calo expands to UK, absorbs two local brands

Calo, the Saudi-headquartered foodtech startup, has expanded into the United Kingdom with the acquisition of two local prepared meal delivery brands, Fresh Fitness Food and Detox Kitchen. The UK expansion marks Calo’s first international move outside of the GCC, as the startup looks to build on its rapid growth in the Middle East. Founded in […]

Kuwait’s Ottu and HyperPay join forces to revolutionize Digital Payments in MENA Region

Kuwait’s Ottu and HyperPay join forces to revolutionize Digital Payments in MENA Region

Riyadh, KSA – Ottu is proud to announce a strategic partnership with HyperPay, a leading digital payment solutions provider, through a Mutual Collaboration Agreement (MCA), marking a significant milestone in transforming the digital payments landscape across the Middle East and North Africa (MENA) region. This powerful alliance unites two of the region’s leading fintech innovators to […]

LandIn Partners with Fintech News Saudi Arabia to Support Startup Expansion into the Kingdom

LandIn Partners with Fintech News Saudi Arabia to Support Startup Expansion into the Kingdom

Riyadh, Saudi Arabia – LandIn, a leading soft-landing partner for global startups, has announced a strategic partnership with Fintech News Saudi Arabia, a premier platform for fintech developments in the Kingdom. This collaboration is designed to empower high-potential founders by providing them with the tools, connections, and guidance needed to successfully enter and scale within Saudi […]

American Express Saudi Arabia and Tarabut Pioneer First-of-its-Kind Open Banking Experience to Expand Credit Access

American Express Saudi Arabia and Tarabut Pioneer First-of-its-Kind Open Banking Experience to Expand Credit Access

Riyadh, Kingdom of Saudi Arabia – 23 April, 2025: American Express Saudi Arabia has introduced a ground-breaking, open banking-powered experience within its mobile application, transforming not just the process but the accessibility of credit for a broader segment of customers. This includes those outside traditional employment structures (such as the self-employed and non-salaried individuals) – segments that have historically been underserved by conventional […]

Mastercard and Amazon Launch Complimentary Amazon Prime Membership for Cardholders in Saudi Arabia

Mastercard and Amazon Launch Complimentary Amazon Prime Membership for Cardholders in Saudi Arabia

All Mastercard credit and debit cardholders can now enjoy up to six months of Amazon Prime membership at no additional cost, unlocking a world of savings and entertainment, including fast and free shipping, Prime Video, Prime Gaming, and Exclusive Savings Saudi National Bank cardholders will enjoy added exclusive shopping discounts with their Mastercard provided Amazon […]

Standard Chartered launches Direct Custody Service in the Kingdom of Saudi Arabia

Standard Chartered launches Direct Custody Service in the Kingdom of Saudi Arabia

Riyadh, Saudi Arabia: Standard Chartered announced a further expansion of its Middle East product capabilities with direct custody services in Saudi Arabia. This milestone offering will be under Standard Chartered Capital Saudi Arabia, a wholly owned subsidiary of Standard Chartered Group, licensed by Capital Market Authority of Saudi Arabia. The service, which enables clients to […]

Bahrain Institute of Banking and Finance launches e-Learning Platform for Banks in Anti-Money Laundering

Bahrain Institute of Banking and Finance launches e-Learning Platform for Banks in Anti-Money Laundering

Manama, Bahrain – The Bahrain Institute of Banking and Finance (BIBF) has launched a new e-learning platform to help banking professionals in Bahrain stay up to date with regulations on Anti-Money Laundering (AML), Countering the Financing of Terrorism (CFT), and Counter Proliferation Financing (CPF). Developed specifically for Bahrain’s financial sector, the platform highlights the Kingdom’s commitment […]

ZainTECH Secures Commercial License in Saudi Arabia, Cementing Regional Expansion Plans

ZainTECH Secures Commercial License in Saudi Arabia, Cementing Regional Expansion Plans

Attaining ‘national entity’ status empowers ZainTECH to scale its advanced solutions across key sectors of digital IoT, cybersecurity, drones, AI, and cloud services Reinforces company’s commitment to Vision 2030  of driving innovation, strategic partnerships, and investment in local talent and digital infrastructure Riyadh, KSA — ZainTECH, the integrated digital solutions provider of Zain Group, has achieved […]

Bahrain’s Khaleeji Bank launches Visa+ Service across the GCC countries

Bahrain’s Khaleeji Bank launches Visa+ Service across the GCC countries

Manama, Bahrain – Khaleeji Bank, one of the leading Islamic banks in the Kingdom of Bahrain, has announced the launch of Visa+, a new service that enables users to send money to Visa cardholders in the GCC using only the recipient’s mobile number. Khaleeji Bank is among the first banks to offer this service, marking a significant […]

Saudi Arabia’s e-Payments surge to 79% of Retail Transactions in 2024: SAMA

Saudi Arabia’s e-Payments surge to 79% of Retail Transactions in 2024: SAMA

RIYADH – Electronic payments now account for 79 percent of all retail transactions in Saudi Arabia, up from 70 percent in 2023, marking a significant leap in the Kingdom’s transition toward a cashless economy, according to data released by the Saudi Central Bank (SAMA). The milestone reflects the Kingdom’s ongoing commitment to the Financial Sector […]